ME News reports that on August 26 (UTC+8), Alloco is building an Institutional Onchain ETF (ETFT) issuance platform for global investors, standardizing institutional-grade assets, investment strategies, and market opportunities and bringing them on-chain. Current product offerings include thematic asset baskets, hedge fund strategies, yield-generating products, and tokenized Pre-IPO opportunities, providing users with a more accessible investment entry point through real-time NAV, transparent holdings, and on-chain subscription and redemption mechanisms.
The Alloco core team has backgrounds in traditional finance, quantitative trading, and the cryptocurrency industry, having previously managed over $1 billion in institutional assets. This round of funding will primarily be used to enhance product infrastructure, compliance systems, and global market expansion, with the first batch of new products set to launch soon.(Source: Alloco)
